Up 4% this morning following IC recommendations. Wide spread I think, but the IC article says Hambledon are working on a Russian exploration in Sekisovskoye, which it recently acquired.

Seymour Pierce analyst apparently have a price target of 9.2, but depending on outcome of Russian exploration this could go a good deal higher.

Interesting, but DYOR please.

And again today.

niceonecyril - 04 Aug 2009 09:39 - 309 of 318
At this price has to be a bargain,producing gold and with the new excavator due this month a ramp up in output. Gold is rising, couple increased output(reducing costs and improving margins)along with $950+ makes it a strong buy, aimho.
cyril
Balerboy - 04 Aug 2009 10:11 - 310 of 318
Are you sure it's not you ramping up..cyril lol

Nice call i'd say, over 50% in 5 weeks.
cyril

Come on cyril, no abuse in public please........

Couldn't resist it.lol Hope you took heed?
If last years results are anything to go by,we could get the interims next week?
It would be a chance to see how production is coming along and if positive a serious re-rating would take place imho?
cyril

It would appear that interim results are out tomorrow,with update on latest production performence. With a 3rd excavator now up and running, which should lead to both increased volume and also higher yeilds. If this turns out to be the case then a nice tick up should follow taking into account the rise in POG?
cyril

A disappointing RNS. Here are the
Highlights:

Interim loss reduced to 1.3m (loss 6 months to 30 June 2008: 3.4m, loss for year to 31 December 2008: 7.6m).
Positive operating cash flow of 0.42m (outflow 6 months to 30 June 2008: 3m, outflow for year to 31 December 2008: 3.9m).
Gold production from Sekisovskoye was 9,413 ounces.
Second quarter gold production 86% higher than first quarter.
Overall production trend continues towards initial design rate.
20% processing capacity increase achieved.
Spares inventory substantially improved.
Capital expenditure amounted to 0.86m.
cyril

Seems the market likes it? On closer reading not quite as bad as 1st reading's.
cyril

Thats me out,will buy back in if it falls,i am learning fast to take profits.

have also taken the profits and bolted for the time being.

got this one wrong capetown.....why sell on chart rising

Over 10 million shares sold on Friday
when the market closed, coupled with an up-day.
Production is expected to continue increasing whilst
the price of gold moves upward. I think this is one
to watch.

Business Financial Newswire
"Kazakhstan explorer, Hambledon Mining says that extremely cold ( -45C) weather conditions has impacted on production during December and is continuing to impact on production in January.

An engine failure on one of the two Hitachi excavators in October put the machine out of operation for seven weeks resulting in lower mining rates than planned and requiring low grade stockpiled ore to be blended with the higher grade ore mined during the quarter. This resulted in the overall grade of ore being processed being 1.05 g/t instead of the 1.27 g/t planned.

On the plus side, approval for the first phase of the underground development was received in late December. A contract with a local underground contractor was signed at the end of December to commence work on the development of the underground project. This work is expected to commence in mid January.

Hambledon reports that the new mobile crushing facility is expected to be commissioned in early February and that negotiations for a renewal of the Alpha Bank stand-by loan facility of $2m. have been concluded and agreed. "

Is posting the graph supposed to make us feel worse than we already do ? It worked.........thanks

cold light of reality perhaps?
this company has been a dog since mid 2008, so why on earth anyone would have (much less) money sitting here is incomprehensible

Of course, if you had bought at 3p you would have doubled your money! (no I didn't, just in case you ask!)

only the now-banished (cauldron-boiled?) coven would have said it did!

Interims next Tuesday(21st),perhaps worth a punt with rhe pog?
cyril

Hambledon Mining Plc
(Hambledon or the Company)(Hambledon or the Company)
8 February 2011 8 February 2011

Expansion of Planned Output from Underground Mine

Hambledon announces that as part of a continuing strategic review of the Sekisovskoye operations the planned underground output will be increased.

The underground mine is currently being constructed by an experienced mining contractor and the first ore is due to be extracted from the underground mine in December 2011.

The underground output from Sekisovskoye was initially planned to be 500,000tpa. Following work undertaken by consultants, the extraction rate is to be increased to a target of 850,000tpa over a phased five year period. The achievement of this will be by a reconfiguration of the mine layout and the use of additional miners and machinery. The extraction rate will mean that gold production from the underground mine alone is targeted to incrementally reach 65,000 oz in 2014, rising to 110,000 oz in 2016.

CEO Tim Daffern stated:

The modified development plan of the Sekisovskoye underground mine provides the next step in expanding Hambledons long term gold production. The increased extraction rate will improve our gold production and cash generation, thereby underpinning the Companys objective of growth in Kazakhstan.

ENQUIRIES:

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